-- Connecting the dots between our economy, government and business --
China’s Communist Party chief Xi Jinping doesn’t have to worry about opposition leaders at home criticizing his record. But not far away, a U.S. diplomat has seized that role for himself with barbed and sometimes sarcastic criticism. Rahm Emanuel, Washington’s ambassador in Tokyo, is stepping up personal attacks on Xi, depicting the Chinese leader as an incompetent steward of the economy, a foreign-policy failure and a bumbling would-be Machiavellian whose government is a mess.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Tiny Dancer is a WEF slug.
We have the Larry Sinclair story last week about Obama, then we get a photo of Tiny Dancer Emanuel, his close friend, this week.
‘…stepping up personal attacks on Xi’ Why? Pritzker and Biden just signed on to give +$6B in taxpayer monies plus the facility cost (which I call a bribe) to put a battery plant in IL owned by the CCP, which Xi fully controls. Rahm seems way out of step.
Why doesn’t Rahm go tell it to his face?
I sense a run for higher office!
Takes one to know one.
Rahm’s ego is too big for his little body. China has been around for thousands of years and thinks long term. Rahm will have his comeuppance from China, sooner or later.
I suspect it won’t hurt Xi’s feelings. I’m sure the CCCP intelligence service has told Xi that Rahm is one of the biggest jerks in the Western world so he won’t feel too insulted.
Bravo, Rahm!
Yes, but why…?
Has his ‘envelope’ from the CCP been a little light…?
Sorry, I can’t help being cynical when it comes to this administration & it’s players…